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TATE & LYLE
Canaccord Genuity reiterated its “buy” rating for the UK multinational food producer. The broker said simplification and greater balance towards higher quality speciality food ingredients should be reflected in improved earnings, and also makes the firm a more attractive potential target for Bunge.
Numis reiterated its “buy” rating for the semiconductor and software design company, noting that results for the first three months of the year were ahead of expectations with royalties beating forecasts, partly offset by a small miss on licensing. Target price remains 1,350p.